Katie Couric's syndicated talk show to end after this season

LOS ANGELES — Katie Couric's syndicated television talk show has been canceled.

Disney/ABC Television and Couric jointly announced the move Thursday afternoon.

"While production will continue on 'Katie' through June 2014, we've mutually agreed that there will not be a third season of the show," the two parties said in a joint statement. "We're very proud of everyone's contributions to making Katie the #1 new syndicated talk show of 2012-2013, and we look forward to the rest of the season."

Ratings have been soft for the show, which launched in September 2012. It became a huge disappointment for the celebrated journalist, the Walt Disney Co., which co-produced the show, and television stations that agreed to pay hefty fees to license it. Stations had been under contract to broadcast the show through next summer.

Despite a marquee time slot and plenty of publicity, Couric was unable to attract younger viewers that advertisers pay a premium to reach. The show became a sore point among stations that were footing much of the bill. Couric was reportedly paid as much as $20 million a year.

The handwriting has been on the wall particularly since last month, when Yahoo! hired Couric, 56, as its "global anchor." The Internet company is looking to boost its credentials as a news organization.